FTX users and law firm Fenwick & West LLP have agreed to a proposed settlement in a lawsuit regarding the firm’s representation of the failed cryptocurrency exchange, according to court documents. The lawsuit, which is part of a multidistrict litigation action filed in response to the collapse of FTX in
A US court has allowed an insider trading lawsuit against Coinbase executives, including CEO Brian Armstrong, to proceed. The plaintiffs claim that the company’s executives sold their shares while in possession of non-public information about the potential risks to the company’s stock price due to regulatory issues. The case does
The bankruptcy administrator of Terraform Labs has filed an enormous lawsuit against Jump Trading, claiming damages of up to 4 billion US dollars in connection with the collapse of the Terra ecosystem in 2022. The suit was brought against the trading company and its main executives, such as co-founder William
A lawsuit by shareholders poses a risk of derailing the intended merger between Strive, a Bitcoin treasury company and Semler Scientific, a healthcare technology company. Terry Tran submitted the complaint claiming that there was a violation of securities and the transaction should be stopped until the investors are properly disclosed.
Citibank has been sued by a victim of a romance scam on federal grounds, alleging that the bank did not take any measures to stop a huge romance scam. Michael Zidell accuses Citibank of overlooking the red flags as it sent close to $4 million in suspicious transfers to the
Coinbase, one of the largest cryptocurrency exchanges in the world, has officially disclosed a data breach that affected 69,461 users, including sensitive customer information like names, phone numbers, addresses, email IDs, and even government ID images. The breach occurred on December 26, 2024, but was only discovered in May 2025,
FTX has reignited its legal offensive, filing fresh lawsuits against NFT Stars Limited and Kurosemi Inc., the entity behind AI gaming platform Delysium. According to a court filing in the U.S. Bankruptcy Court in Delaware, the FTX Estate demands the return of tokens bought under clear investment agreements. After over
The U.S. Securities and Exchange Commission has officially dismissed enforcement actions against Kraken, ConsenSys, and Cumberland DRW LLC. On March 27, the agency filed joint ASA stipulations for dismissal with prejudice regarding the cases. This means that the case cannot be refilled, which indicates a major regulatory shift. The SEC
The U.S. Securities and Exchange Commission (SEC) has agreed in principle to dismiss its lawsuit against cryptocurrency exchange Kraken. The decision marks a significant shift in the SEC’s approach toward the cryptocurrency industry, following a turbulent legal period for crypto platforms. The SEC has agreed in principle to dismiss its
A U.S. judge has placed the Securities and Exchange Commission’s (SEC) lawsuit against Binance on hold for 60 days. Both the SEC and Binance requested the delay, citing potential regulatory changes under a newly formed SEC task force. On Thursday, U.S. District Judge Amy Berman Jackson approved the joint motion
